After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in lower liquidity and higher volatility. After-hours trades for KB Home (KBH) shows that investor sentiment remained broken, with the stock’s consolidated last price falling by -$0.08, or -0.18%, to $43.94. The KB Home has recorded 27,673 volume in the after hours trading session. Yahoo Finance discussed the stock recently as it posted KB Home Announces the Grand Opening of Its Newest Community in Desirable Denver, North Carolina.
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KBH belongs to the Consumer Cyclical sector of the NYSE while operating in the Residential Construction industry. At the end of the last regular session, the stock closed at $44.02 and fluctuated between $44.23 as its day high and $43.57 as its day low. The current market capitalization of KB Home is $3.52B. A total of 1.72 million shares were traded on the day, compared to an average of 1.69M shares.
Investors also take into account insider trades in predicting how the stock will perform in the future. During the recent three months, KBH has seen 5 BUY and 6 SELL insider trades, representing the acquisition of 471,752 and the disposition of 217,695 shares. Over the last 12 months, there were 8 BUYs and 8 SELLs from insiders. Insiders purchased 539,577 shares during that period but sold 249,608.
In the most recent transaction, PRAW ALBERT Z sold 29,777 shares of KBH for 28.77 per share on Oct 27. After the transaction, the EVP, Real Estate & Bus. Dev. now owns 143,363 company shares.
Paying dividends generates immediate cash flow for investors and indicates a positive outlook for the company. KB Home pays an annual dividend of $0.60, resulting in a dividend yield of 1.36%, and it has a price to earnings (P/E) ratio of 4.81. KBH’s most recent ex-dividend date was 5/3/2023 when it declared a $0.15 quarterly dividend that was paid in cash on 5/18/2023. Previously, the company paid the dividend on 2/16/2023 with an ex-dividend date of 2/1/2023. The KBH stock dividend was $0.15 per share in cash.
While price targets are rarely accurate, they tend to exert some kind of influence from time to time and are often taken into account by investors. According to analysts who have offered 12-month price targets for KBH in the last 3 months, the mean price target is $43.32 with high estimates of $55.00 and low estimates of $29.00. In terms of 52-week highs and lows, KBH has a high of $44.00 and a low of $24.78.
As of this writing, KBH has an earnings estimate of $1.31 per share for the current quarter. EPS was calculated based on a consensus of 13 estimates, with a high estimate of $1.47 per share and a lower estimate of $1.09. The company reported an EPS of $2.47 in the last quarter, which was -13.60% lower than expectations of $2.86.
Balance Sheet Annually/Quarterly
An organization’s balance sheet depicts the assets and liabilities it has, as well as the amount of equity invested. Investors can measure a company’s prospects by calculating its financial ratios using this information. KBH’s latest balance sheet shows that the firm has $290.76M in Cash & Short Term Investments as of fiscal 2021. There were $1.69B in debt and $1.13B in liabilities at the time. Its Book Value Per Share was $44.27, while its Total Shareholder’s Equity was $3.02B.
There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. Currently, 15 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for KBH is Underweight with a score of 4.09. A total of 4 analysts rated the stock as Buy while 1 rated it as Overweight while 9 rated it as Hold. Among the other participants, 0 thought the stock was Underweight and 1 thought it should be Sold.